Armed Forces Moving Company Open 9 Months And Makes 12 Months Revenue

Atlantic County, NJ
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Asking Price:$1,100,000
Gross Revenue:$1,714,892
Cash Flow:$269,223
BUSINESS DESCRIPTION

This company has enjoyed a rich history of partnering with all major transportation service providers for US military relocations. Some of these include but are not limited to: National Forwarding, Charter Transportation, Interstate, Total Military Management, Tier one, and is already approved for the New Provider Home Safe Alliance.
In addition to being able to serve all the lower 48 states, they also maintain 2 additional crews and trucks for local work both in and outside military jobs.

The drivers enjoy an average 18-year level of experience with the company. Currently, 3 additional subcontractors are looking to sign on. This company also enjoys National account experience and can go toe-to-toe with the larger enterprise-based National moving companies in terms of pricing and profitability.

Due to the nature of many of their clients, A/R is never an issue as they typically bill on the day the move is delivered and factor the receivable with a national factoring company.

While advertising has not been this company’s strong suit, they have managed to amass a tremendous book of business from real estate brokers who consistently refer work to them. In addition, it is to be noted that the owner has always been the only “salesperson” having grown this company primarily by word of mouth and military contracts.

Some other ways to significantly grow revenue that the owner has not instituted but if he were 20 years younger would be getting involved with origin and destination services. An example of this would be military packing, storage, as well as overseas work. The owner is willing to support the transition as needed.

** A Second 80-year-old clean DOT# with a similar name can be negotiated within the purchase price **


DETAILED INFORMATION
Location
Atlantic County, NJ
Inventory
Not Included in asking price
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Mark Ilardi
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Mark Ilardi